NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $2.03BRnk 19 / 216
2023
Flag → Flag
Top Product $420MGold
2023
Flag → Flag
Exports $1.86BRnk 31 / 219
2023
Flag → Flag
Top Product $494MNitrogen Heterocyclic Compounds
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.96Rnk 3 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$885BCURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 125 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$99,565CURRENT US$
Rnk 5 / 196
2013-2023
Flag
GDP PC GROWTH14%CURRENT US$
Rnk 122 / 195

About

Sweden-Switzerland Trade: In 2023, Sweden exported $2.03B to Switzerland. The main products that Sweden exported to Switzerland were Gold ($420M), Cars ($183M), and Delivery Trucks ($67.3M). Over the past 5 years the exports of Sweden to Switzerland have increased at an annualized rate of 2.47%, from $1.8B in 2018 to $2.03B in 2023.

In 2020, Sweden exported services to Switzerland worth $3.94B, with Other business services ($2.36B), Transportation ($722M), and Computer and information services ($263M) being the largest in terms of value.

Switzerland-Sweden Trade: In 2023, Switzerland exported $1.86B to Sweden. The main products that Switzerland exported to Sweden were Nitrogen Heterocyclic Compounds ($494M), Packaged Medicaments ($132M), and Self-Propelled Rail Transport ($117M). Over the past 5 years the exports of Switzerland to Sweden have increased at an annualized rate of 10.2%,  from $1.14B in 2018 to $1.86B in 2023.

In 2019, Switzerland exported services to Sweden worth $735M, with Royalties and license fees ($246M), Transportation ($189M), and Computer and information services ($151M) being the largest in terms of value.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B).

Latest Trends

November, 2024

About

Overview In November 2024, Sweden exported SEK1.81B and imported SEK1.24B from Switzerland, resulting in a positive trade balance of SEK562M. Between November 2023 and November 2024 the exports of Sweden have increased by SEK108M (6.37%) from SEK1.7B to SEK1.81B, while imports decreased by SEK-162M (-11.5%) from SEK1.41B to SEK1.24B.

Trade In November 2024, the top exports of Sweden to Switzerland were Cars (SEK202M), Packaged Medicaments (SEK168M), Gold (SEK142M), Vaccines, blood, antisera, toxins and cultures (SEK48M), and Telephones (SEK42.6M). In November 2024 the top imports of Sweden from Switzerland were Vaccines, blood, antisera, toxins and cultures (SEK144M), Oxygen Heterocyclic Compounds (SEK128M), Packaged Medicaments (SEK95.5M), Nitrogen Heterocyclic Compounds (SEK58M), and Base Metal Watches (SEK32.5M).

Growth In November 2024, the increase in Sweden's year-by-year exports to Switzerland was explained primarily by an increase in product exports in Packaged Medicaments (SEK114M or 208%), Cars (SEK65.3M or 47.7%), and Delivery Trucks (SEK23.6M or 137%). In November 2024, the decrease in Sweden's year-by-year imports  from Switzerland was explained primarily by an decrease in product imports  in Nitrogen Heterocyclic Compounds (SEK-53.1M or -47.8%), Precious Metal Watches (SEK-20.7M or -51.9%), and Coffee and Tea Extracts (SEK-11.1M or -50.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)SEK108M(6.37%)
IMPORT GROWTH (November 2023 - November 2024)SEK-162M(-11.5%)

This section shows exports and imports data at subnational level for Sweden. Click any date in the line plot or any product to explore the exports or imports behavior of Sweden over time.

To check Switzerland and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Switzerland and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $2.03B to Switzerland. The main products exported from Sweden to Switzerland were Gold ($420M), Cars ($183M), and Delivery Trucks ($67.3M). During the last 5 years the exports of Sweden to Switzerland have increased at an annualized rate of 2.47%, from $1.8B in 2018 to $2.03B in 2023.

In 2018, Switzerland exported $1.86B to Sweden. The main products exported from Switzerland to Sweden were Nitrogen Heterocyclic Compounds ($494M), Packaged Medicaments ($132M), and Self-Propelled Rail Transport ($117M). During the last 5 years the exports of Switzerland to Sweden have increased at an annualized rate of 10.2%, from $1.14B in 2023 to $1.86B in 2018.

Exports from Sweden (Flag) to Switzerland (Flag) (2023)

Exports from Switzerland (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Switzerland
Top DestinationGermany$53.8B

This map shows whether countries import more from Sweden or Switzerland. Each country is colored based on the difference in imports they receive from Sweden and Switzerland or the difference in the growth in imports.

In 2023, countries that imported more from Sweden than Switzerland included Denmark ($14.4B), Norway ($10.9B), and Finland ($9.41B).

In 2023, countries that imported more from Switzerland than Sweden included China ($47.7B), Germany ($53.8B), and United States ($45.1B).

Difference in imports from Switzerland (Flag) and Sweden (Flag) (2023)

Comparative Advantage Sweden - Switzerland

Flow
Scale

This chart compares trade between Sweden and Switzerland by product, considering products traded by both, Sweden and Switzerland.

During 2023, Sweden had a large net trade with Switzerland in the exports of Precious Metals ($502M), Machines ($379M), and Transportation ($344M).

During 2018, Switzerland had a large net trade with Sweden in the exports of Chemical Products ($894M), Machines ($375M), and Instruments ($184M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Switzerland+$85.1MCars
Top Product Potential Switzerland Sweden+$88.7MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Sweden exported services to Switzerland worth $3.94B, with Other business services ($2.36B), Transportation ($722M), and Computer and information services ($263M) being the largest in terms of value.

In 2019, Switzerland exported services to Sweden worth $735M, with Royalties and license fees ($246M), Transportation ($189M), and Computer and information services ($151M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to Switzerland (Flag) (2020)

Services Exports from Switzerland (Flag) to Sweden (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and Switzerland. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Switzerland. Similarly, a dot/product with the flag of Switzerland indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and Switzerland (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms